(Reuters) – The Cboe BZX Trade on Thursday filed a proposal with the U.S. Securities and Trade Fee (SEC) to listing and commerce shares of the Smart Origin Belief, a money bitcoin exchange-traded fund operated by Constancy.
Constancy is one in every of many huge funding managers which were diving into the crypto area in current days. Earlier this month, BlackRock (NYSE:), WisdomTree, Invesco, and VanEck additionally submitted paperwork for spot bitcoin ETFs.
The flurry of deposits from so-called “conventional finance” heavyweights has breathed some life right into a struggling crypto business that has been underneath a dramatic crackdown since final 12 months.
Investor sentiment was additionally dampened by SEC lawsuits towards Binance and Coinbase (NASDAQ:) World, two main crypto exchanges, this month.
The SEC has rejected a number of spot bitcoin ETF purposes lately, together with one from Constancy in January 2022.
Spot ETFs immediately monitor the worth of cryptocurrency, whereas futures-based ETFs monitor the worth of bitcoin futures.
